July 24, 2020
According to the research report titled ‘Global Stethoscope Market - Analysis By Product Type, By Application, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region, By Country (US, Canada, Germany, France, UK, Italy, China, Japan, India, South Korea)’, available with Market Study Report LLC, global stethoscope market is expected to record a y-o-y growth rate of 4.91% during 2019-2024.
Factors like increasing geriatric population, changing lifestyle, and rising awareness regarding various hazardous diseases are anticipated to drive the growth of global stethoscope market during the forecast period.
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Based on product type, global stethoscope market is segmented into electronic stethoscope and manual stethoscope. With regards to the application scope, the market is divided into home care, hospital, clinics, ambulatory surgical center, and others.
With respect to the regional overview, the industry is bifurcated into Europe, Asia Pacific, North America, and rest of the world, with key focus on countries such as Japan, India, Canada, UK, Italy, South Korea, France, China, Germany, and the US.
North America held largest share of worldwide stethoscope market in 2019 owing to presence of major manufacturers in the region. These players are aiming towards expanding their product portfolio and offering latest technology-integrated stethoscopes to physicians and clinicians. This vision is guided by growing focus on improving healthcare quality hence contributing to the market growth in North America.
The research report aims to offer intensive market intelligence to guide the decision makers to take sound and quick judgements. It further analyses the key trends, potential drivers, existing challenges, and lucrative opportunities in the global stethoscope market.
Key players operating in global stethoscope market are Rudolf Riester GmbH, 3M, Welch Allyn, Medline Industries Inc., GF Health Products Inc., Cardionics, Smiths Medical, American Diagnostic Corporation, Heine Optotechnik GmbH & Co. KG, and Omron Corporation among others.